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Bank guarantee

Contract between a bank as guarantor and a beneficiary in which the bank commits itself to pay a certain sum under certain, specified conditions. Thus, a demand guarantee is one in which the bank agrees to pay against the simple written demand of the beneficiary.

News On Bank guarantee
Need to sort legal issues before targeting UBHL: United Bk  

10-09-2014| Source:CNBC-TV18

RBI has issued clarification on 'wilful defaulter' tag wherein it allowed banks to include key executives in the management as defaulters too. The central bank also wants banks to name non

RBI must go after rogue companies instead of broad brushing  

10-09-2014| Source:CNBC-TV18

Pratibha Jain, Partner at Nishith Desai Associates believes that a balance is required between overregulation and allowing the market to grow. A guarantors role is to guarantee, he cannot

Subrata Roy gets 15-day extension to sell overseas assets  

08-09-2014| Source:CNBC-TV18

Sahara counsels informed the court that the Bank of China has developed cold feet over issuance of bank guarantee and is contemplating a takeover of Sahara's overseas properties owing to the back

Trai suggests no extra entry fee for full MNP service

06-09-2014| Source:PTI

Trai suggests no extra entry fee for full Telecom regulator Trai has suggested that full mobile number portability service should attract no additional entry fee and bank guarantee from MNP operators

Exim Bank seeks more leveraging room for disbursals

27-08-2014| Source:PTI

Owing to lack of leveraging room of both the Exim Bank and Export Credit Guarantee Corporation (ECGC), the bank was facing constraints in extending project finance for lack of enough insurance cover.

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